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Jio Digital Fibre InvIT Gets Backstop Funding From Reliance, Mukesh Ambani
The InvIT plans to raise nearly Rs 39,706 crore by selling units to group and promoter firms and taking a loan.
03 Oct 2020, 09:54 AM IST
Reliance Industries Ltd.'s subsidiaries and billionaire Mukesh Ambani's investment firms will fund the group's fibre infrastructure investment trust as the conglomerate has so far failed to find investors for fibre assetsReliance Industrial Investments and Holdings Ltd., a wholly owned subsidiary of billionaire Mukesh Ambani-controlled Reliance, will be the sponsor of Digital Fiber Investment Trust, according to InvIT's filing with t...
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